SpaceX is entering the public market with significant ambition, planning to sell 555.6 million shares at a fixed price of $135 each. This initial public offering seeks to raise around $75 billion, potentially marking the largest IPO ever recorded. To put this into perspective, Saudi Aramco held the previous record with its $25.6 billion IPO in 2019. SpaceX aims to almost triple that amount, which indicates massive demand and investor interest.
The share price was set during the first week of June 2026, with trading anticipated to start soon after June 11, 2026. Interest for the offering has exceeded four times the total number of available shares, highlighting strong market confidence. Notably, 30% of the shares are reserved for retail investors, which encourages wider public participation.
SpaceX's transition from private to public markets comes on the heels of previous tender offers that valued the company at roughly $800 billion about six months prior. This sharp increase in valuation to $1.77 trillion mirrors the company's rapid growth trajectory, especially as it generated $18.7 billion in revenue in 2025. The satellite division, Starlink, played a critical role, contributing about 61% of the total revenue.
Proceeds from the IPO are earmarked for various ambitious projects, including advancements in artificial intelligence and ramping up launch rates with the Starship program. Despite these changes, Elon Musk is expected to maintain significant control, holding over 82% of the voting rights post-offering.
For investors assessing the implications of SpaceX's valuation, the company currently operates at a price-to-sales ratio of approximately 95x. While this indicates a high valuation in relation to its revenue, it is essential for potential investors to consider the governance risks associated with Musk's control. His divided focus among several companies may limit shareholders' influence over crucial business decisions, including strategic direction and capital allocation. Overall, SpaceX's entry into the public market marks a significant milestone, one that retail investors should evaluate carefully as they consider their participation.